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Sunday, 18 May 14
FREIGHT RATES ARE EXPECTED TO BE FIRM NEXT WEEK

COALspot.com: The freight market was steady with the BDI was closed slightly higher at 1027 points  or up 3.00 pct week on week.

The Cape Index was also slightly increased for the same period or up 1.05 pct. Cape index was closed at 1530 points while the Panamax index gained sharply. Panamax Index was up  by 15.92 pct and closed at 1041 points. However, the Supramax index was slightly lower or fell 1.10 pct week on week and to 899 points, The handysize index was also fell 4.15 pct closed at 485 points.

In the Far East/SE Asia the charter rates on supramax was steady and most vessels were rating around US$ 14,000 per day passing Singapore, but charterers were rating lower. The Panamax rates firmed up slightly and the freight rates are expected to be firming up.

Freight rates are expected to be steady/firm next week.

The average charter rates was at Cape/US$ 11,205 per day , Panamax/US$ 8,328 per day , Supramax/US$ 9,395 per day and Handy size/US$ 7,195 per day.

The futures for three years (2015-2017) was at around Cape/US$ 22,000 per day, Panamax/US$ 12,500 per day, Supramax/US$ 12,500 per day , Handysize/US$ 9,500 per day.

The route S8 route was almost steady or was slightly up (1.62 pct) closed at US$ 9,897 per day (last week US$  9,739 per day ). Freight rates from Indonesia to India is expected to be continued to be steady.

The Brent crude oil prices firmed up slightly by 1.72 pct and closed at US$ 109.75 per barrel (last week US$ 107.89 per barrel). The bunker prices firmed up slightly  and closed at 591.50 pmt (IFO 380 cst ex Singapore on  16th May 2014).

Baltic Dry Index  - UP
Cape index - UP
Panamax index - UP
Supramax index - DOWN
Handy index: - DOWN
(as of week ended 16 May 2014 (week on week))

Click here
for Vistaar Shipping Services (India) Private Ltd forecasts (subject to terms, conditions & Disclaimer clauses) for spot freight rates for coal & Iron-ore cargo for specific routes (cs)

The freight forecasts and information provided by Vistaar Shipping Services (India) Private Ltd , India in this report (including suprmax & Panamax freight forecasts) is provided for information purposes only. No claim is made as to accuracy of the content in this report at any time. Vistaar Shipping Services (India) Private Ltd, and their Group companies or Subsidiaries do not accept any liability to any person or Company for the information provided in this report. No responsibility is taken for any information of services that may appear in this report.



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